Action Accounting
Home
Scenario List
About
Contact
Disclaimer
The Pineapple Pub
Balancing Accounts and the Trial Balance: Sales
Scene 78
/ of 100
Introduction
»
Double Entry
»
Balancing Accounts
»
Trial Balance
»
Income Statement
»
Balance Sheet
»
Completed Financial Statements
Balance the Sales Account: Find the Balancing Figure
What is total sales for the period?
Look at the account and calculate out how much each side totals. Then find the difference between the two sides. This is the balancing figure.
Type figures in the "post-it" note below
DR
Sales Account
CR
Date
Details
Amount
Date
Details
Amount
December 5
Bank Account
10000
December 18
Debtor - Hampstead Heath Party Hire Account
2000
December 24
Bank Account
15000
December 31
Bank Account
20000
Debit side total equals
Credit side total equals
Difference equals
close
That's correct.
close
Are you sure? Try again.
close
Debit side total equals €0. Credit side total equals €47000. Difference equals €47000.
check answer »
« back to previous step